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and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the discretionary spending that they would have to cut under these circumstances. so there wouldn't ever be, many republicans insist they wouldn't ever be a realistic prospect of default in this. and that is why the president uses the word "obligations," instead of the word debt because they may just agree with them that there wouldn't actually be a debt default. >> it is unclear, we literally don't know what would happen because it never happened bef e before. so a legal authority is not all obvious. so there is a question, for the treasury department, to decide if we pay off the b
and many thought president obama wanted to go over in order to raise taxes. to do the same thing over the debt ceiling and get full blame for it, it could genuinely destroy the republican party, of course while destroying the economy. >> there is that little problem, for republicans. so what about this point, ezra, that the president, the federal government could easily meet its obligations on actual debt payments through bonds and that sort of thing. but it would be the spending, the...
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Jan 15, 2013
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meanwhile, has president obama just taken the u.s. default off the table? the white house is looking at several measures in the event the debt ceiling might be weakening, find out why a rebound in commodity prices could help to keep the aussie -- dollar strong. >>> and coming up on the program, what will this year bring? we'll be in asia to look at how china's rebound in demand will be key. >>> welcome back to the program. some potentially big deal news, dell has reportedly held recent talks with private equity firms about taking itself private. "the wall street journal" reports ppg and silver lake partners have talked with the company in the past two to three months and could team up on a bid. jpmorgan is reportedly involved in the process. any possible deal would likely emerge within six weeks. dell declined comment on monday after the news was first reported. the pcmaker, of course, has struggled in recent years amid falling prices and demand, shares jumping almost 13% on that news. the stock had been down more than 30% over the past year. >>> heavy loss
meanwhile, has president obama just taken the u.s. default off the table? the white house is looking at several measures in the event the debt ceiling might be weakening, find out why a rebound in commodity prices could help to keep the aussie -- dollar strong. >>> and coming up on the program, what will this year bring? we'll be in asia to look at how china's rebound in demand will be key. >>> welcome back to the program. some potentially big deal news, dell has reportedly...
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Jan 15, 2013
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yesterday, president obama held the last press conference of his first term. he wasn't really willing to go into details about what he's considering on gun control. but he took a lot of questions on that very explosive issue. after the tragic shooting at sandy hook elementary, president obama said the nation needed to change. and now he's poised to announce his own game plan on gun control. >> if there is a step we can take that will save even one child from what happened in newtown, we should take that step. >> reporter: president obama received recommendations from vice president biden. they include stronger background checks for all gun purchases. a ban on high capacity magazine clips and renewed ban on assault weapons. >> my starting point is not to worry about the politics. my starting point is to focus on what makes sense, what works. >> reporter: he may have the public's support, but president obama is facing a tough fight on capitol hill. nearly 300 members of congress have an "a" rating from the nra. for their opposition to all gun control measures. a
yesterday, president obama held the last press conference of his first term. he wasn't really willing to go into details about what he's considering on gun control. but he took a lot of questions on that very explosive issue. after the tragic shooting at sandy hook elementary, president obama said the nation needed to change. and now he's poised to announce his own game plan on gun control. >> if there is a step we can take that will save even one child from what happened in newtown, we...
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. >>> we're going to go to washington now, where president obama spent most of his final first term press conference calling out republicans on their next big government showdown. it's over the debt limit. the government loses borrowing authority to pay america's bills in about a month. and jonathan karl is covering it from the white house. jon, the president was clear, it's up to congress to get this done. he's not going to negotiate. >> reporter: that's right, george. the president is on yet another collision course with congressional republicans. and on this one, both sides are insisting they just won't back down. late yesterday, the treasury department said if congress doesn't act, the u.s. government will hit the limit of how much money it can borrow as early as one month from today. >> we are not a deadbeat nation. america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> reporter: president obama used the last news conference of his first term to issue an ultimatum to congressional republicans, raise the deb
. >>> we're going to go to washington now, where president obama spent most of his final first term press conference calling out republicans on their next big government showdown. it's over the debt limit. the government loses borrowing authority to pay america's bills in about a month. and jonathan karl is covering it from the white house. jon, the president was clear, it's up to congress to get this done. he's not going to negotiate. >> reporter: that's right, george. the...
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obama says he's done with negotiating. >> republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >> reporter: the president deflected a question about whether he would try to raise the debt limit without congress. are you considering a plan b? if not, why not? >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. there are no magic tricks here. >> reporter: the president, though, was pessimistic when it comes to the idea of whether there's going to be a government shutdown. he acknowledged that house republicans may have the votes to do that. that's a fight he's hoping to have separate from the debt limit, matt. the question is whether he can actually make that happen with house republicans. >> chuck todd in washington on this. thanks, as always. >>> natalie morales is over at the news desk with a check of the day's top stories. good morning to you. >> good morning, savannah and matt. good morning, everyone. >>> new in
obama says he's done with negotiating. >> republicans in congress have two choices here. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >> reporter: the president deflected a question about whether he would try to raise the debt limit without congress. are you considering a plan b? if not, why not? >> the issue here is whether or not america pays its bills. we are not a deadbeat nation. there are...
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when we come back, president obama, treasury secretary time geithner, and federal reserve chairman ben bernanke all say that the debt ceiling must be raised or else the economy will suffer. senator rob portman says washington's out-of-control spending has to stop. he will join us in the next hour to talk about the debt ceiling debate. "squawk box" will be right back. >>> up next on "squawk box," don't start your day without knowing the names that will make you money. joe has your list of stocks to watch right after the break. >>> all right. put this on. it's traveling wilbur. we've got george harrison for your lead for your song >> no, no, no. >> that's a good one. >> but it's all right. and implied there is being a billionaire. ♪ it's all all right i mean, it's -- it is, right? life is good. >> that's true. it may not play well in washington. >> might not play well in washington. i'm going to actually give some information during this segment. much as i'd -- >> you know, that would be a switch. >> that would be a switch. let's take a look at some stocks to watch this morning. lennar
when we come back, president obama, treasury secretary time geithner, and federal reserve chairman ben bernanke all say that the debt ceiling must be raised or else the economy will suffer. senator rob portman says washington's out-of-control spending has to stop. he will join us in the next hour to talk about the debt ceiling debate. "squawk box" will be right back. >>> up next on "squawk box," don't start your day without knowing the names that will make you...